Micron Technology’s fiscal Q4 2026 earnings call on September 30 arrives amid record AI-driven demand for DRAM, HBM, and NAND, following the company’s Q3 results that delivered $41.46 billion revenue and $25.11 non-GAAP EPS, both well above consensus. Management guided $50 billion revenue, approximately 86% gross margins, and $31 EPS for the quarter, citing multi-year Strategic Customer Agreements that enhance visibility and floor pricing. Industry supply remains constrained relative to bit-growth expectations in the low- to mid-20% range for DRAM and around 20% for NAND through 2026, with tightness projected beyond calendar 2027. Traders will monitor commentary on HBM ramps, sequential pricing moderation, capex plans near $27 billion for fiscal 2026, and any updates to long-term demand forecasts.